Oklahoma Entrepreneur Secures Financing to Buy Cheezies Pizza Franchise
Borrowing money to invest in a Cheezies Pizza franchise? Onb Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Cheezies Pizza franchise requires some effort but others before you have been successful. In 2008, Onb Bank And Trust Company issued an SBA franchise loan to an entrepreneur in Bixby, Oklahoma. Because Cheezies Pizza was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.
SBA Loan Borrower
OKLAHOMA PIZZERIAS, LLC
BIXBY, OK 74008
SBA Loan Lender
ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137
This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
1/30/2008
Loan Approval Gross Amount
$725,000
Loan Approval from the SBA
Of the total $725,000 loan amount, the SBA guaranteed $543,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Cheezies Pizza franchise. At the time of the loan, the company
had 60 employees. The SBA loan documents indicated that the loan would help generate 59 new jobs and retain 1 existing job.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Onb Bank And Trust Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
Related Links:
Realistic Debt Financing Options
SBA Banks in Tulsa, Oklahoma
Getting a Business Loan in Oklahoma